Market Update: The S&P/ASX 200 struggled to stay in the positive territory following a retreat in the U.S. equity markets overnight. The index edged up 0.1% at 5,436 points from the support of the miners. BHP rose 0.2% and RIO climbed 1.1%. Financials were mixed and were a drag to the market after NAB reported its full year result with earnings in line with forecasts. NAB dropped 2.1% while CBA and WBC were lower by 1.1% and 1.6% respectively. ANZ was the only major bank up 0.4%. The A$ is holding steady at US$0.9490. The SPI was up 0.1% at 5,425 points on the Sydney Futures Exchange.
Please sign in to comment on this wire.